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Rotary Conference: Fasua, Manek, others call for patience on reforms, warn against complacency

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From Adeko Ukpa

Special Adviser to the President on Economic Affairs in the Office of the Vice President, Dr. Tope Fasua, on Thursday defended the Federal Government’s economic reforms, saying the measures, though painful, were necessary to stabilise the economy and create long-term opportunities for inclusive growth.

Fasua spoke at the second conference of Rotary International District 9127 in Abuja, where he delivered a keynote address titled, “Nigeria’s Economy: Pathways, Reforms and Opportunities for Inclusive Growth.”

He said the reforms introduced by the administration of President Bola Tinubu were already beginning to produce results despite the hardship faced by many Nigerians.

Drawing comparisons with countries such as India and China, Fasua argued that economic transformation often required sacrifice before meaningful gains could be achieved.

“There is a time to sow and a time to reap,” he said, noting that India’s rise as one of the world’s fastest-growing economies was driven by years of difficult but deliberate reforms.


L-R: Special Adviser to the President on Economic Affairs/Keynote Speaker, Dr. Tope Fasua, District Governor, Rotary International D9127, Dame Joy Nky Okoro, Chairman, DISCON Committee, Emeka Iloegbunam and Representative of the President, Rotary International, Dr. Geeta Manek, during the opening ceremony of the 2nd District Conference organised by District 9127 them; “Uniting for Good, Fostering Friendship and Celebrating Service, held at Rotary Centre in Abuja, yesterday.

The presidential aide identified fuel subsidy removal, foreign exchange reforms and tax restructuring as major policy steps taken to reposition the economy.

On fuel subsidy removal, Fasua said the previous system had become unsustainable because of widespread corruption and abuse. According to him, billions of dollars were lost yearly through fraudulent subsidy claims and manipulation within the oil sector.

Although he admitted that the removal of subsidy contributed to higher fuel prices and inflation, he maintained that the policy was necessary to stop leakages and restore fiscal stability.

He said inflation, which he noted rose to nearly 35 per cent by the end of 2024, was gradually easing.

Fasua also defended reforms in the foreign exchange market, saying they had reduced arbitrage and speculative practices while encouraging exports and discouraging excessive imports.

He described the administration’s tax reforms as “pro-poor,” explaining that low-income earners and small businesses were protected under the new framework.

“The President’s position is to allow poor Nigerians breathe,” he said.

The economist urged Nigerians not to define the country solely by poverty, insisting that Nigeria still possessed enormous economic potential despite prevailing challenges.

“I’m one person who doesn’t agree that Nigeria should be defined by poverty,” he said.

Fasua cited the recapitalisation of banks, growth in cryptocurrency participation and increasing local investments as signs of resilience in the economy.

He also pointed to the growing presence of foreign educational institutions in Nigeria, saying universities such as Coventry University and the University of Birmingham were establishing partnerships in the country, while schools such as Charterhouse and Rugby School had expanded operations into Nigeria.

According to him, such developments could reduce capital flight and create business opportunities for Nigerians.

The presidential aide, however, acknowledged that insecurity, inflation, high interest rates and poor electricity supply remained major concerns.

He said the current monetary policy rate was still too high for businesses and borrowers, while also identifying energy shortages as a major challenge for households and industries.

Fasua expressed optimism that renewable energy, particularly solar power, would become more affordable and play a larger role in Nigeria’s energy future.

He also urged Nigerians to take greater interest in governance and development at state and local government levels, noting that reforms were gradually shifting more opportunities away from the federal system.

“Please go back to the states, go back to the local governments, watch your state. Even if you live here in Abuja, take interest,” he said.

Calling for patriotism and collective responsibility, Fasua urged citizens not to lose hope in the country despite present economic and security challenges.

“This is our country. We are the ones we have been waiting for,” he added.

Also speaking at the conference, Kaduna State Deputy Governor, Dr. Hadiza Sabuwa Balarabe, commended Rotary International for its humanitarian and community development efforts, describing the organisation as a critical partner in advancing social development and nation-building.

Balarabe, represented by the Director-General of Intergovernmental Affairs, Hanatu Mohammed, said the Kaduna State Government valued Rotary’s contributions in healthcare, education, youth development, water and sanitation, economic empowerment and peace-building.

She said the administration of Governor Uba Sani remained committed to inclusive governance and people-centred development, stressing that sustainable progress required collaboration between government, civic organisations, development partners and the private sector.

“A government alone cannot meet all the needs of the people. Rotary has consistently demonstrated that service above self is not just a motto, but a practical and impactful approach to nation-building,” she said.

The deputy governor described the conference theme, *“Uniting for Good, Fostering Friendships and Showcasing Service,”* as a reflection of Rotary’s commitment to humanitarian service and community impact.

Meanwhile, Rotary International President, Francesco Arezzo, represented by Geeta Manek, commended Rotary District 9127 for its interventions in healthcare, maternal and child health, and polio eradication.

Speaking at the conference, Manek said the district had distinguished itself through impactful humanitarian projects and strong leadership in community development.

She particularly praised Nigerian Rotarians for their contributions to the eradication of polio in Africa.

“When you eliminated polio from Nigeria, we declared Africa polio free. Thank you, Nigeria,” she said.

Manek, however, urged members not to become complacent despite their achievements.

“So friends, I encourage you, this is the time to roll up your sleeves, not to be complacent, but to continue the fight against polio,” she stated.

She further called for stronger collaboration between Rotary, governments, communities and corporate organisations to deepen humanitarian impact across the continent.

“Africa is no longer on the menu, Africa is at the table. In Rotary, Africa is at the top of the table,” she added.

Earlier, District Governor of Rotary International District 9127, Dr. Joy Okoro, said the conference was aimed at strengthening collaboration among Rotarians across the 16 states and the Federal Capital Territory under the district.

Okoro said the gathering provided an opportunity for clubs to network, exchange ideas and review projects implemented across communities.

According to her, discussions focused on Rotary’s seven areas of focus, including maternal and child health, education, economic empowerment, environmental sustainability and polio eradication.

She disclosed that District 9127 had increased its membership from 88 to 95 Rotary clubs, alongside the addition of eight Rotaract clubs under her administration.

Okoro added that the district had undertaken several community projects, including the provision of incubators and phototherapy lamps for hospitals, renovation of schools and donation of school furniture.

The event also featured awards presented to notable philanthropists for their contributions to humanitarian causes and support for Rotary activities.

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Petrol Discount: Frank tells Tinubu to apologise to Atiku, Nigerians

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By Adeko Ukpa

Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has urged President Bola Tinubu to apologise to former Vice-President Atiku Abubakar and Nigerians over the removal of petrol subsidy, accusing the Federal Government of adopting an intervention similar to a proposal it had previously criticised.

Frank, in a statement issued in Abuja on Friday, was reacting to the Federal Government’s announcement of a 30-day petrol discount at Nigerian National Petroleum Company Limited (NNPCL) retail outlets, with priority given to public transport operators.

He argued that the temporary measure had exposed what he described as inconsistencies in the administration’s position on petrol subsidy, insisting that Nigerians deserved lasting relief from the economic hardship that followed the policy’s removal in 2023.

“We expect Tinubu and his government to first apologise to Atiku Abubakar for its previous attacks on his position to return fuel subsidy if voted into office as President.

“Secondly, he should commend him and thank him for what we consider an excellent proposal that could help address the current economic hardship facing Nigerians.

“Rather than dismissing his proposal, the government should recognise its potential to provide relief to Nigerians who are struggling with the prevailing economic situation.

“Any government genuinely committed to the welfare of the people should be willing to consider practical ideas that can ease their suffering, irrespective of who puts them forward,” he said.

The Federal Government announced the 30-day discount on Thursday as part of measures to cushion the impact of rising petrol prices.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the arrangement was not a return to subsidy but an offer to sell petrol at cost for an initial period of 30 days.

Frank, who is the United Liberation Movement for West Papua (ULMWP) Ambassador to East Africa and the Middle East, however, questioned the distinction between the discount and the subsidy arrangement previously abolished by the administration, arguing that the new measure amounted to a reversal of its earlier hardline position.

“Simply put, Tinubu, who maintained a hardline stance on fuel subsidy removal, has gone back to his vomit,” he said.

He added: “The President must immediately apologise to Nigerians over the fuel subsidy removal now that he has realised his policy mistake, which has taken a huge toll on Nigerians economically since 2023.”

Frank also questioned whether the temporary intervention would provide meaningful relief to Nigerians who have struggled with rising transportation costs, food prices and shrinking purchasing power since the subsidy was removed.

He said the policy change in May 2023 had affected households and businesses across the country, with higher petrol prices feeding into the cost of transporting goods, running businesses and meeting basic household needs.

“For millions of Nigerians, the consequences of higher fuel prices have extended beyond the cost of filling a vehicle’s tank.

“Increased transport and logistics costs have put pressure on traders, manufacturers, farmers and small businesses, while households have had to contend with rising expenses for commuting, food and other necessities,” he said.

Frank argued that a 30-day discount could not reverse the cumulative effects of more than three years of economic pressure, particularly for workers and small-business owners whose earnings had struggled to keep pace with rising living costs.

He also raised questions about the scope and implementation of the intervention, including the number of NNPCL retail outlets participating in the scheme, the volume of petrol to be sold at discounted rates and the measures planned after the initial 30-day period.

According to him, the government must explain how the arrangement would provide sustained relief to transport operators, traders, workers and low-income households rather than offer a temporary reprieve.

The former APC spokesman said the latest development had also revived debate over Atiku’s proposal to restore petrol subsidy if elected president in 2027.

In August, Atiku reiterated his position on the issue, declaring: “On the question of subsidy, my position has not changed and will not change: I will restore it!”

The former vice-president had argued that Nigeria should use its resources to protect citizens from severe economic hardship.

The Presidency, however, challenged the proposal, questioning its fiscal and legal basis and asking how a restored subsidy would avoid the problems associated with the previous system.

Frank said the Federal Government’s latest intervention had vindicated Atiku’s call for a subsidy arrangement intended to cushion Nigerians against rising fuel and transportation costs.

“But now, having seen the light in Atiku’s proposal, Tinubu simply came down off his high horse and adopted the idea without any acknowledgments,” he declared.

He warned the President against expecting the temporary discount to erase public dissatisfaction over the economic consequences of subsidy removal.

“Nigerians are no fools. They know how their present economic predicament started with ‘fuel subsidy is gone’ in 2023. They will definitely use their votes to reclaim their country and set it on the path of economic progress come 2027,” he said.

Frank maintained that the central issue was not whether the government described its latest intervention as a discount or a subsidy, but whether it would deliver meaningful and sustained relief.

He called on the administration to explain how the measure would address the broader cost-of-living crisis and prevent households and businesses from continuing to bear the brunt of high energy and transportation costs.

He insisted that Nigerians needed a coherent, long-term economic response rather than a temporary intervention that would expire after 30 days.

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Oke meets Macron, lists Nigeria’s priorities for France

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By Adeko Ukpa

The  17th Ambassador of the Federal Republic of Nigeria to the French Republic, Ambassador Ayodele Oke, CFR has promised to recalibrate the ties between the two countries.

He also promised to give priorities to security, trade, and investment.

Oke unfolded his agenda while presenting his Letters of Credence to the French President, Emmanuel Macron at Élysée Palace in Paris.


CAPTION: The 17th Ambassador of the Federal Republic of Nigeria to the French Republic, Ambassador Ayodele Oke, CFR presenting his Letters of Credence to President Emmanuel at Élysée Palace on Monday. PHOTO: NIGERIA EMBASSY, PARIS

Envoy’s Priorities for France

A statement by the Nigerian Embassy in Paris said he pledged to uphold Nigeria’s values and reputation with clarity and credibility.

He said: “I am pleased to inform you that on 5 October 2026, I presented my Letters of Credence to President Emmanuel Macron and formally assumed my duties as the 17th Ambassador of the Federal Republic of Nigeria to the French Republic.

“The brief yet significant ceremony took place in the grandeur of the historic, iconic Élysée Palace, with its regal ambience.

“It underscored the compelling need to elevate and recalibrate the partnership between Nigeria and France.

“This means strengthening bilateral relations in security, trade, and investment, while upholding our values and reputation with clarity and credibility.

“It also means shaping conversations, securing advantages, protecting citizens, and promoting Nigeria’s national image.”

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Stop Starting. Start Finishing: Why Continuity Is Strategically Important for Nigeria in 2027

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Stop Starting. Start Finishing: Why Continuity Is Strategically Important for Nigeria in 2027

by Mary Laniyan

“Stop starting. Start finishing,” is a popular agile transformation principle used to shift organisations away from measuring activity and toward delivering value and measurable outcomes. Governments are not corporations, but the underlying economic principle is comparable. In government, the stakes are infinitely higher, they have a human cost.

The cost is measured in the lives of ordinary people, the pain of making ends meet, the anxiety of raising a family, the frustration of being unable to find meaningful work, the loss of dignity that comes from being unable to be productive and self-reliant, and, above all, the uncertainty surrounding the future of an entire generation of young Nigerians. That is why I dare say this: Nigeria does not need another beginning in 2027. Nigeria needs continuity, discipline and the courage to finish what it has started.

The problem with perpetual beginnings.

By the time the presidential baton changed hands in 2023, the Nigerian foundation had deteriorated significantly. Consequently, regardless of who assumed office, there was always going to be a period of pain, if the genuine intention was to confront the structural problems that had bedevilled the country for decades.

Structural reforms are rarely painless.

Much like a house with serious structural defects, a fresh coat of paint may make the building look beautiful in the short term, but it does not fix the structural issues at the core of its foundation. Eventually, the underlying problems return, and often with greater consequences. Nigeria cannot afford to keep painting over structural cracks. Fixing the foundation requires something that our political system has historically struggled with, and that is continuity.

The tyranny of the “pet project.”

As we look towards 2027, I believe it is not too early to appeal to the conscience of our political elites to embrace a mindset of “continuity for impact” and move away from the political “pet project” mindset.

Every administration naturally wants to leave its own mark. There is nothing inherently wrong with that, but if we put Nigeria first and put on the hat of a relay race athlete, you win and Nigeria wins. Leaving your mark should not be more important than building on what already exists for a much needed outcome. A new administration arrives. A new set of priorities are announced. Existing programmes are renamed, abandoned, redesigned or simply starved of political attention. Years later, another administration arrives and starts the cycle all over again. The result is predictable, we become very good at starting and very poor at finishing and Nigeria pays the price.

Ajaokuta should never become normal.

I belong to a generation that still mourns the story of the Ajaokuta Steel Complex. Ajaokuta represents one of Nigeria’s most consequential industrial missed opportunities, not merely because a steel plant was never fully realised, but because of the industrial ecosystem that could have developed around it. A functioning integrated steel industry could have supported engineering, manufacturing, construction, machinery, transportation, mining and a range of downstream industries. It could have created skills, supply chains and industrial capabilities that would have outlived any single administration. That is the tragedy of Ajaokuta.

We did not merely fail to finish a project; we potentially failed to finish an industrialisation strategy that would have revolutionized Nigeria for a generation yet unborn.

And then there is Mambilla.

The Mambilla Hydroelectric Project represents another extraordinary missed opportunity. Nigeria has spent decades confronting one of the fundamental constraints on economic development, inadequate and unreliable electricity. We have repeatedly struggled to complete major projects capable of expanding the country’s power-generation capacity at scale.

Mambilla is a powerful reminder that infrastructure of national significance cannot be treated as the property of whichever administration happens to inherit it. If projects such as Ajaokuta and Mambilla had been successfully completed, integrated into the wider economy and properly maintained, I believe Nigeria’s economic trajectory could have been profoundly different. One finished project may not magically transform a nation, but it will create platforms upon which other opportunities can be built.

Continuity is not political loyalty, this is an important distinction. Continuity should not mean defending everything a previous administration did. It should not mean refusing to correct mistakes. It should not mean protecting failed policies because of political allegiance. Continuity means identifying what is strategically important to Nigeria, preserving what works, correcting what does not, and finishing what deserves to be finished.

A new administration should have the courage to say: This may not have been my project, but it is imperative that we finish it. That is the mindset we need. Imagine a Nigeria where successive administrations measured themselves not only by what they started, but by how many strategically important national projects they successfully completed. It is in this context that Hon. Minister Nyesom Wike comes to mind. He should be applauded for finishing a lot of projects that he didn’t start.

How do we make this work?

Every administration should have the opportunity to shine within a 20 to 30 year national development horizon, while plugging into a clearly defined Nigerian National Development Strategy that provides a consistent North Star.

The long-term strategy should set out where Nigeria wants to be in 20 or 30 years. Each administration should then be responsible for defining the specific priorities, reforms and measurable outcomes it will deliver during its tenure to move the country closer to that destination. The destination remains consistent; administrations compete on how effectively they move the country forward. This creates the right balance between continuity and accountability.

Let’s get Organised

“We are not outnumbered, we are out-organised.” The quote is widely attributed to human rights activist Malcolm X, I believe it resonates deeply with our context today. Nigeria is not short of people, ideas, talent, ambition or resources. We need government to create the conditions in which Nigerians can do more for themselves. Nigerians in my opinion, are the easiest to govern because of their resilience and grit. That is why 2027 should not simply be another political contest. It should be an opportunity to ask a more fundamental question: What must Nigeria continue, complete and institutionalise to leverage its people for a vibrant economy.

And if we genuinely want to change the trajectory of this country, perhaps the most important political and civic discipline we can embrace is also the simplest.

Stop starting.

Start finishing.

Mary Laniyan

Systems Performance Coach

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